LYC 2.03% $6.74 lynas rare earths limited

Or if support at mid 140's doesn't hold next stop is 90c. This...

  1. 234 Posts.
    Or if support at mid 140's doesn't hold next stop is 90c.

    This is not a down-ramp - just a T/A perspective. I entered yesterday afternoon expecting a S/T bounce (LYC does not respect black Doji's historically - in fact it tends to behave in the opposite IMO). Longer term weekly charts indicate potentially more downside on MACD - so beware of any action below yesterday's low.

    If I was looking for 1-2 year entry point I'd be more interested in seeing how the European debacle/ DJIA behaves in next couple of months for an entry point as well as longer term charts. Long term cash looks better sitting in the back just now from my perspective. We're a long way from being out of the woods yet....

    cheers!
 
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